article thumbnail

Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

Teslarati

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. The factory in Shanghai manufactured 51.7

article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

IHS Markit downgraded its expectations for Mainland China by 2.3 China is expected to show signs of bottoming out through the second half of 2020, but the scale of the economic slowdown will likely lead to some destroyed demand. A fall of 12% for 2020 would be considerably worse than the two-year peak-to-trough decline of 8.0%

Gasoline 269
article thumbnail

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

Green Car Congress

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. Emissions from OECD countries now account for only one third of global CO 2 emissions—the same share as that of China and India. Coal consumption in China increased by 9.7%

2011 236
article thumbnail

Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

Green Car Congress

According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea.

Asia 236
article thumbnail

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010 256
article thumbnail

Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

Green Car Congress

The brief concentrates on six topics: climate change policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. Climate change policy. International engagement—especially with China—is also a need. Oil security policy.

Energy 150
article thumbnail

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Green Car Congress

In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.

2010 246